Its just a matter of time before the SEC requires them to restate their earnings to include the real expenses and huge losses. In my opinion, this is one of the most manipulated stocks I have ever seen. The shorts will be rewarded once the SEC does their job or the institutions decide to get out before its to late.

Because "cloud computing" sounds cool. And is the future. To bad they don't have a moat or a track record of profits. The one thing they have going for them is the most amazing PR/spin team. . . At some point this bubble will burst.

I have no position in CRM, but I believe this is trading at such high multiple due to what CEO mentioned on Mad Money. This is a transformation in the way our companies today are trying to reach their customers. The customer personalization that companies are targeting is one of many tool that companies can use to attract more customers. In today's environment, companies will use every tool they can. Additionally, salesforce offers ways to increase the productivity of your workforce, another theme which companies are focusing in on, especially now. Companies are cutting jobs, and those left have to be more efficient than ever before as they are expected to grow revenues with less employees working towards that goal. As I mentioned, I have no position, nor will I initiate one due to the indicated high multiple. However, I do believe the CEO was correct in this transformation. If you actually listen to other company conference calls, you will believe it too. If it pans out as CEO believe it will, who knows what the real value is?